Question
Under Section 54 of the Transfer of Property Act, 1882,
which of the following best defines "sale" of immovable property?ÂSolution
Section 54 defines "sale" as the transfer of ownership in exchange for a price paid or promised or partly paid and partly promised. It is distinct from contract for sale, which is an agreement to sell property and does not transfer ownership immediately.
In the question below, a sentence is given with four words highlighted in bold, followed by options that provide a replacement for each word. From the o...
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